Latest Dodd-Frank Posts
NYSE Proposes to Revise Notifications Prior to Dividend Announcements
Public Companies and Securities The NYSE has filed a proposed rule with the SEC which will require listed companies to provide notice to the Exchange at least 10 minutes before making any public announcement with respect to a dividend or stock distribution in all cases, including outside of the hours in which the Exchange’s immediate release policy is in […] Read more →
SEC Confirms Sales of NFL Fan Memberships Fall Outside of Securities Act
Uncategorized In a no-action letter issued earlier this week, the Staff of the Division of Corporation Finance granted relief to LA Fan Club, “a fan club for loyal fans of the Rams football... Read more →
SEC Permits All Companies to File Confidential Registration Statements
Public Companies and Securities The SEC announced that beginning on July 10, 2017 it will accept voluntary draft registration statement submissions from all issuers for nonpublic review. The SEC believes this... Read more →
Director Equity Grants and Vote Buying Subject to Entire Fairness Review
Executive Compensation, Litigation, Public Companies and Securities In Williams v. Ji et al, the Delaware Court of Chancery examined an alleged scheme in which the Directors of Sorrento Therapeutics, Inc. granted themselves options and warrants... Read more →